September Auto Sales: Who Sold The Most Vehicles? Tata Motors, Eicher, Bajaj, Maruti To M&M, Here's The List
TATAMOTORS moved lower.
· NDTV Profit
Indian auto makers show mixed September sales; passenger and commercial vehicles grow, tractor sales decline amid weak rural demand. Exports remain strong for several manufacturers.
The analysis
This is a Monsoon / rural demand event. Rural demand is a large share of staples and two-wheeler volumes, and it tracks the monsoon and support prices with a lag of a quarter or two.
For TATAMOTORS, the question is how much of this is already reflected in the price and how much re-rates the auto peer set alongside it.
Market context
- The company directly in focus is TATAMOTORS.
- Sector exposure: Auto.
- The immediate tone of coverage reads negative.
In this story
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